How bridging finance could help unlock your capital
Since the economic downturn, many property investors and business owners have found themselves “asset rich but cash poor,” with the bulk of their wealth tied up assets than in cash savings. And though the UK housing market has enjoyed a continued strong performance, mainstream lenders have since implemented tougher affordability restrictions, meaning property investors and business owners have struggled to release the equity in their assets, faced with more hoops to jump through in a time-consuming process.
Bridging finance can present a real solution to those who are asset rich but lacking in the cash needed, providing a quick injection of funding to finance acquisitions and expansions.
One of the main features of bridging finance is the speed with which borrowers can be provided funds. What’s more, some bridging finance lenders offer loans on a non-status basis, meaning they don’t require evidence of trading history, accounts or proof of income. The financing is based on the property the loan is secured on, an ideal solution for those looking to instantly unlock the capital from their assets.
MT Finance doesn’t require evidence of trading history, accounts or proof of income. Instead, we focus on the property and a client’s future plans. This allows us to take a practical, common sense approach to lending to assist those looking to unlock the capital from their assets.
For more information on how a bridging loan could help you purchase a buy-to-let property, call us on 0203 051 2331 or fill in our contact form and a member of the team will contact you shortly to discuss your requirements.